Topic: A victory for Bitcoin - page 2. (Read 502 times)

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Coinbase's former CTO Balaji Srinivasan's prediction about bitcoin price is not realistic for most people(1 btc=1 million USD). Some consider such activities as a tactic for his personal campaign. Some others consider as a reflection of his long-held views on Bitcoin. However, it is easy to imagine Srinivasan's bold prediction of 1 million in 90 days made a big impact on the Bitcoin market. In my opinion, it is not important how much Bitcoin can increase in value in 90 days because people who believe in Bitcoin do not invest in it for a short period. Srinivasan's prediction has shown that Bitcoin is likely to reach new heights. Coinbase's former CTO Balaji Srinivasan should be respectful of his recent thought of bitcoin.

Although Srinivasan's recent prediction may seem absurd to some, it is actually a very reliable prediction in the long term. He made this prediction based on the US banking system and hyperinflation, which makes it difficult to dismiss.

Generally we know that what is capable of taking Bitcoin valuation to unprecedented heights is a market cap. Various institutional investments in Bitcoin have multiplied its market cap in recent times. Public companies like Tesla, Voyager Digital LTD, MicroStrategy are now investing billions of dollars in Bitcoin, which naturally adds to Bitcoin's adoption of legitimacy.

If one bitcoin is seen as equal to 1 million according to the current price of bitcoin, then a market cap of about 20 trillion is required. While it may seem like more at the moment, it can also be covered if a crypto revolution happens.

Another important reason why Bitcoin can reach higher in the coming days is its market dominance. Currently we can see that about 45 percent of the total investment in the market is in Bitcoin. When Bitcoin continues to rise above 65 percent or more, there will be a big change in the price of altcoins in the market and the market cap will also increase significantly.

Finally, i will say that people are learning to value BTC so we will be able to achieve it in the near future even if not in 90 days.

Although Srinivasan's recent prediction may seem absurd to some, it is actually a very reliable prediction in the long term. He made this prediction based on the US banking system and hyperinflation, which makes it difficult to dismiss.

Finally, i will say that people are learning to value BTC so we will be able to achieve it in the near future even if not in 90 days.

I'm gonna be honest, I don't quite believe it will hit 1 Million dollar in such a short time, although I don't think it's impossible, but on the other side I think it will finally hit the so dreamed 100k, in 90 days, I truly believe it.

When Bitcoin was created, it's already a victory for us because we're have a choice to not trust government due to it's centralization and corruption, instead we can be own bank with Bitcoin. The victory of Bitcoin is because of the purpose and value, not only about the price. If price is the reason why Bitcoin is a victory, someone can create a new coin where the price is more expensive than Bitcoin.

Dont know about Balaji Srinivasan's prediction but I wonder what impact this would have if the likes of Elon Musk said the same because the man does have the influence to convince people to take a keen interest and the media will equally pick up the story and have a ripple effect  , though his not the type that loves to speculate about crypto related matters unfortunately...

Coinbase's former CTO Balaji Srinivasan's prediction about bitcoin price is not realistic for most people(1 btc=1 million USD). Some consider such activities as a tactic for his personal campaign. Some others consider as a reflection of his long-held views on Bitcoin. However, it is easy to imagine Srinivasan's bold prediction of 1 million in 90 days made a big impact on the Bitcoin market. In my opinion, it is not important how much Bitcoin can increase in value in 90 days because people who believe in Bitcoin do not invest in it for a short period. Srinivasan's prediction has shown that Bitcoin is likely to reach new heights. Coinbase's former CTO Balaji Srinivasan should be respectful of his recent thought of bitcoin.

Although Srinivasan's recent prediction may seem absurd to some, it is actually a very reliable prediction in the long term. He made this prediction based on the US banking system and hyperinflation, which makes it difficult to dismiss.
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At first when bitcoin's price was low they thought it was impossible to reach $10,000. Then it reached $20,000, they said it is impossible to reach $50k. So when will they start trusting the price to reach $1M? I feel like they are one of those people who keeps disregarding bitcoin not because they want to, but because they have invested but wants to invite more people to invest just to pump the price.

At first when bitcoin's price was low they thought it was impossible to reach $10,000. Then it reached $20,000, they said it is impossible to reach $50k. So when will they start trusting the price to reach $1M? I feel like they are one of those people who keeps disregarding bitcoin not because they want to, but because they have invested but wants to invite more people to invest just to pump the price.